Good lookin' out. I hit up Cherry Red TV quite often. Particularly dig their Momus and Louis Philippe interviews. Cherry Red kinda had the future of Indie Pop all mapped out by 1980, huh? What with Pillows & Prayers and having bands like (the early incarnation of) Everything But the Girl on their label.
Here's my personal fave Monochrome Set song. I quite like their first two albums but they really started making sense to me around the time of Elligible Batchelors.